Shares of BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) shot up 10.2% during trading on Friday . The company traded as high as $5.28 and last traded at $5.32. 119,150 shares traded hands during trading, a decline of 22% from the average session volume of 153,225 shares. The stock had previously closed at $4.83.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $7.00 price target on shares of BitFuFu in a research note on Friday.
Check Out Our Latest Stock Analysis on BitFuFu
BitFuFu Stock Performance
The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09. The stock has a 50 day simple moving average of $5.16 and a 200 day simple moving average of $4.89.
Institutional Investors Weigh In On BitFuFu
A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in BitFuFu in the third quarter valued at about $110,000. Jane Street Group LLC grew its holdings in shares of BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after purchasing an additional 1,984 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of BitFuFu in the third quarter valued at approximately $107,000. Prospect Financial Group LLC bought a new position in BitFuFu in the 4th quarter valued at approximately $50,000. Finally, WINTON GROUP Ltd acquired a new stake in BitFuFu during the 4th quarter worth approximately $83,000. 37.26% of the stock is currently owned by institutional investors and hedge funds.
BitFuFu Company Profile
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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